CareerEngine, Inc. Awarded Five Contracts Relating to Its Newly Launched Product.

Business & Technology Editors

NEW YORK--(BUSINESS WIRE)--May 22, 2001

Leading E-Recruiter Provides Premier Enterprise Management System

for Recruiters and Staffing Agencies

CareerEngine, Inc. (a subsidiary of CareerEngine Network, Inc., AMEX/PCX: CNE)

The system provides search and staffing firms with online workflow and business process management. System features include robust customer requisition management, intelligent agents, and recruiter/branch reporting, thereby providing the tools necessary for a recruiter to remain competitive and for its management to be able to track employee and company performance.

The Search and Staffing Enterprise Management System was developed in conjunction with a number of recruiting companies to meet the industry's specific requirements. It provides a world-class enterprise management solution for firms that want to compete in today's competitive market, while providing recruiters the tools they need in today's online world. Our requisition management console, coupled with our proprietary technology, allows for a confidential interface between the client and the agency, and the individual recruiter and the candidate.

"In addition to providing the best possible online career portal solution for our commerce driven customers, we now offer a suite of enterprise management services that cater exclusively to recruiting and staffing firms. We pride ourselves on creating cost effective web based applications that generate revenue," says Tom Ferrara, CEO.

CareerEngine has already rolled out two search firms into the online recruiting space, BankJobs2000.com and Mainline Personnel (MLPERS.com). Three additional search firm sites are due to go live by the end of May.

About CareerEngine, Inc.

CareerEngine, Inc. is comprised of two operating divisions: CareerEngine Network, the leading network of vertical career sites and CareerEngine Solutions, an Application Service Provider.

CareerEngine Network's (www.CareerEngine.com) flagship sites include: ITClassifieds.com, SalesClassifieds.com and AccountingClassifieds.com. CareerEngine's category-specific sites serve as "career portals," offering professional development tools, online career counseling and continuing education courses. Headquartered in New York City, CareerEngine offers e-recruiting services to Fortune 1000 companies and has distribution partnerships with leading recruiting firms, which sell the services of CareerEngine's sites.

CareerEngine Solutions (www.CareerEngineSolutions.com) builds, hosts and maintains customized career centers for client websites. Utilizing CareerEngine's leadership in e-recruiting, CareerEngine Solutions enables both online and off-line companies to add unique, value-driven services to their websites and affords them an immediate presence in the fast-growing and profitable online recruiting space. Major partners include the SmartMoney Magazine website (www.SmartMoney.com), a joint venture of the Hearst Corporation and Dow Jones & Company; AviationNow (www.aviationnow.com) a McGrawHill publication; and the Journal of Commerce (www.joc.com), a member of the Economist Group.

CareerEngine, Inc. is a subsidiary of CareerEngine Network, Inc. The company can be reached at 877-487-3675.

Certain statements in this press release constitute "forward-looking statements" relating to CareerEngine Network, Inc. and its subsidiaries (the "Company") within the meaning of the Private Securities Litigation Reform Act of 1995. All statements regarding future events, our financial performance and operating results, our business strategy and our financing plans are forward-looking statements. In some cases you can identify forward-looking statements by terminology, such as "may," "will," "would," "should," "could," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms or other comparable terminology. These statements are only predictions. Known and unknown risks, uncertainties and other factors could cause actual results to differ materially from those contemplated by the statements. In evaluating these statements, you should specifically consider various factors that may cause our actual results to differ materially from any forward-looking statements.